Considering the Concept of Cross-Price Elasticity, If Two Goods Are

question 44

Multiple Choice

Considering the concept of cross-price elasticity, if two goods are substitutes:

• A) an increase in the price of one causes a decrease in the demand for the other.
• B) a decrease in the price of one causes an increase in the demand of the other.
• C) an increase in the price of one causes an increase in the demand for the other.
• D) a decrease in the price of one has no effect on the demand for the other.

---

Definitions:

HRM Task

Activities or responsibilities carried out by the Human Resources Management department, such as hiring, training, and employee relations.

Employee Recruitment

The process of attracting, selecting, and hiring suitable candidates for jobs within an organization.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and selecting an individual for employment based on certain criteria.

Employee Orientation

The process of introducing new employees to their responsibilities, the company's culture, policies, and the people they will be working with.